✨$ETH A new impulsive wave begins — Will we see 3850 soon? 🚀📈
Ethereum finished the trading day with a strong rise, surpassing the level of 3678 dollars, with expectations of continued momentum towards 3850 dollars in the short term.
Technical analysis shows stability above the moving average, with the formation of an upward trend line, while the RSI indicator is steadily moving upwards, reflecting a healthy momentum.
According to the report from [Gate.com], ETH broke through key resistance levels at 3400 dollars and is showing stronger performance than Bitcoin, with a large influx of funds towards DeFi and Layer 2 projects.
The report from [Al Jazeera] (strong-return-of-Ethereum-American-regulations) indicated that Ethereum-linked index funds attracted 2.2 billion dollars in just one week, surpassing Bitcoin for the first time.
The market is also reacting to expectations of interest rate cuts from the Federal Reserve, which reached 85.5% according to Reuters — enhancing risk appetite and stimulating digital assets.
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